GBP/USD - 1H - Technical analysis published on 04/17/2024 (GMT)
- 76
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
56%
17%
28%
My opinion
Neutral between 1.2418 USD and 1.2499 USD
My targets
-
My analysis
The short-term increase on GBP/USD remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 1.2499 USD. The first support is located at 1.2418 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD price is 1.2460 USD. The price registered an increase of +0.24% on the session with the lowest point at 1.2417 USD and the highest point at 1.2482 USD. The deviation from the price is +0.35% for the low point and -0.18% for the high point.1.2417
1.2482
1.2460
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/USD in 1H shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2044 | 1.2315 | 1.2418 | 1.2460 | 1.2499 | 1.2541 | 1.2625 |
| Change (%) | -3.34% | -1.16% | -0.34% | - | +0.31% | +0.65% | +1.32% |
| Change | -0.0416 | -0.0145 | -0.0042 | - | +0.0039 | +0.0081 | +0.0165 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2334 | 1.2370 | 1.2400 | 1.2436 | 1.2466 | 1.2502 | 1.2532 |
| Camarilla | 1.2412 | 1.2418 | 1.2424 | 1.2430 | 1.2436 | 1.2442 | 1.2448 |
| Woodie | 1.2331 | 1.2369 | 1.2397 | 1.2435 | 1.2463 | 1.2501 | 1.2529 |
| Fibonacci | 1.2370 | 1.2395 | 1.2411 | 1.2436 | 1.2461 | 1.2477 | 1.2502 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2059 | 1.2242 | 1.2342 | 1.2525 | 1.2625 | 1.2808 | 1.2908 |
| Camarilla | 1.2363 | 1.2389 | 1.2415 | 1.2441 | 1.2467 | 1.2493 | 1.2519 |
| Woodie | 1.2017 | 1.2221 | 1.2300 | 1.2504 | 1.2583 | 1.2787 | 1.2866 |
| Fibonacci | 1.2242 | 1.2350 | 1.2417 | 1.2525 | 1.2633 | 1.2700 | 1.2808 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2176 | 1.2376 | 1.2495 | 1.2695 | 1.2814 | 1.3014 | 1.3133 |
| Camarilla | 1.2527 | 1.2557 | 1.2586 | 1.2615 | 1.2644 | 1.2674 | 1.2703 |
| Woodie | 1.2137 | 1.2356 | 1.2456 | 1.2675 | 1.2775 | 1.2994 | 1.3094 |
| Fibonacci | 1.2376 | 1.2498 | 1.2573 | 1.2695 | 1.2817 | 1.2892 | 1.3014 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.10 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 6.8895 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 1.2454 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2425 | |
| Elder Ray (13): | 0.0007 | |
| Super Trend (3,10): | 1.2417 | |
| Zig ZAG (10): | 1.2458 | |
| VORTEX (21): | 1.1538 | |
| Stochastique (14,3,5): | 59.49 | |
| TEMA (21): | 1.2460 | |
| Williams %R (14): | -44.62 | |
| Chande Momentum Oscillator (20): | 0.0017 | |
| Repulse (5,40,3): | -0.0909 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0031 | |
| Courbe Coppock: | 0.44 |
| MA7: | 1.2506 | |
| MA20: | 1.2581 | |
| MA50: | 1.2645 | |
| MA100: | 1.2661 | |
| MAexp7: | 1.2456 | |
| MAexp20: | 1.2449 | |
| MAexp50: | 1.2452 | |
| MAexp100: | 1.2477 | |
| Price / MA7: | -0.37% | |
| Price / MA20: | -0.96% | |
| Price / MA50: | -1.46% | |
| Price / MA100: | -1.59% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | -0.14% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on GBP/USD at the time of the analysis were as follows:
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Technical Analysis: 03/04/2024 - GBPUSD battles with 200-day SMA
-
Technical Analysis: 26/03/2024 - GBPUSD bounces off 200-day SMA
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Trade of the week: short GBP/USD
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Trading the trend: long GBP/USD
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Technical Analysis: 19/03/2024 - GBPUSD retreats towards 50-day SMA
This member declared not having a position on this financial instrument or a related financial instrument.
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